Egypt’s foreign reserves now cover six months of obligations

Doaa A.Moneim , Sunday 12 Oct 2025

Egypt’s foreign reserves have reached levels sufficient to cover the country’s obligations for six months, reflecting what officials describe as the resilience of the Egyptian economy despite global pressures, according to Omar Khattab, chairman of the Egyptian Financial Markets Association (ACI Egypt).

Khattab made the remarks during ACI Egypt’s annual conference, held recently in Alexandria with the participation of senior figures from Egypt’s banking and non-banking financial sectors.

Egypt’s net international reserves rose to $49.53 billion at the end of September, up 0.5 percent from August, marking the 37th consecutive month of growth. Reserves have jumped by almost 49 percent since July 2023, official data showed.

Remittances from Egyptians working abroad also continued to rise, increasing 50 percent in the first seven months of 2025 compared with the same period in 2024.

CBE policy focus

In his opening address, Central Bank of Egypt (CBE) Governor Hassan Abdalla outlined the bank’s strategy to maintain monetary and financial stability, stating that current policies aim to contain inflation and preserve price stability, in line with national economic objectives.

He said the CBE continues to coordinate with fiscal authorities “to balance macroeconomic stability with growth stimulus,” and highlighted efforts to deepen Egypt’s foreign exchange market and modernize the banking sector’s technological infrastructure.

Expanding financial inclusion remains a key priority, Abdalla added, to ensure financial services reach a wider segment of society.

Khattab, meanwhile, praised the CBE’s success in curbing inflation and stabilizing the exchange rate, saying the progress underscored the credibility of monetary policy and investor confidence in Egypt’s financial system.

Policy discussions

A high-level panel followed Abdalla’s remarks, bringing together senior CBE officials, including Sally Refaat, Assistant Governor for Markets; Zakia Ibrahim, Assistant Sub-Governor for Monetary Policy; and Omar Shoukry, Head of Treasury and Trading, alongside ACI Egypt’s leadership.

The session discussed the direction of monetary policy, inflation dynamics, and interest rate trends amid evolving global conditions.

Founded in 1998, ACI Egypt represents professionals from banking and financial institutions operating across the country.